Do you want to reduce the amount of taxes you pay? Then you might want to pick the standard deduction or itemize. Learn your options!
To pay your taxes on time, check these due dates for estimated taxes, estates, and more. Find out what is due soon and get organized!
If you’re looking for some ways to save money on your tax bill, take a look at these tax deductions for young people. Which ones apply to you?
One of the biggest questions I’ve been seeing this year are what the various reference codes mean on the IRS Refund Status Tool (previously known as “Where’s My Refund”) – or on the IRS2Go app. A lot of tax filers are getting IRS Reference Codes back, but don’t know what they mean and don’t know […]
Our FAQ of the most common IRS Where’s My Refund Questions, Errors, Comments, Concerns, and more.
A chart and schedule that shows you when you can expect your tax refund in 2018-2019. Also, how to check the status of your refund.
Learn about what capital gains tax brackets are and the rates associated with them. Here’s a quick overview to get you started.
Are you wondering what the 2019 and 2020 Federal tax brackets are, and where you land on the tax bracket system? Here’s a table and other things to keep in mind.
It’s almost tax time, and if you’re a college student or young adult, one of the most common tax deductions that you receive is the student loan interest tax deduction. And even more so with all the dialogue going on in Congress with reducing or eliminated this deduction – what will happen. The real bulk […]
Many taxpayers are seeing IRS Code 9001 when they login into Where’s My Refund. Here’s exactly what the code means and what you should do.
Many college students are caught in a balancing act between studying for their courses, working to pay expenses, and enjoying the social activities that college life has to offer. This is often stressful and overwhelming to some. Well, 1040Return.com wants to help relieve some of this financial burden by recommending the following tax credits below. […]
Millennials face a different tax situation than most filers. They are at a challenging point in their lives: In college or just graduated Just starting out at a first job Just starting to save or invest for retirement Most rent, but some are looking to buy their first homes Many are side hustling to make […]
If you have an online for-profit business, it is important to take note of your business expenses that can be deducted on your tax return this year. If you have a business and file a Schedule C with your tax return, here are some important expenses you should remember to deduct. Typically, all “ordinary and […]
Among the many incentives the government has offered as of late (Cash for Clunkers, New Home Buyer Credit, Energy Tax Credit), most have been focused around the consumer (you!) buying stuff. While this can be a good way to stimulate the economy, it can have a negative effect on your pocketbook. However, the government does […]
It is tax time again, and one of the questions I get asked all the time is: which is better, a tax credit or a tax deduction? It’s a common question because, let’s face it, taxes are confusing. The language is confusing, and the forms are confusing. The IRS just doesn’t make anything easy on taxpayers. […]